Cuming County Economic Development Inc

Analysis

Cuming County Economic Development Inc is a registered charity in United States, based in West Point, NE. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cuming County Economic Development Inc reported income of $1.1m and spending of $952k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17k to $1.1m (+6269%), an average of +182% a year. The sharpest change came in the year to December 2020, when income rose by 1829%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cuming County Economic Development Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NE. Charities of a similar size with the same main cause include Regional Development Corporation ($1.1m), Healthteamworks ($1.1m) and Hopexchange Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. At year end it held assets of $976k against liabilities of $0, net assets of $976k. It reported 2 employees.